The AER regulates the safe, efficient, orderly, and environmentally-responsible development of hydrocarbon resources over their entire life cycle. This includes allocating and conserving water resources, managing public lands, and protecting the environment while providing economic benefits for all Albertans.

The AUC regulates the utilities sector, natural gas, and electricity markets to protect the social, economic, and environmental interests of Alberta consumers.

The APMC markets the Crown’s conventional crude oil royalty barrels and supports projects that will bring an added economic benefit to the province through improved market access or value-added processing.

The Post-Closure Stewardship Fund is financed by carbon capture and storage operators in Alberta, which will ensure that the storage sites are properly maintained in the long-term after operations cease. Industry will pay a per-tonne fee for the carbon dioxide stored to ensure that Albertans do not bear the burden of these costs after responsibility for the sites reverts to the provincial government.

Programs and services delivered by the ministry are reviewed for relevance, effectiveness, and efficiency in accordance with the Government of Alberta’s Results-based Budgeting Act.